Assuming a Proper and Timely Claim Is Made, Which of the Following

question 9

Multiple Choice

Assuming a proper and timely claim is made, which of the following is true regarding the UCC's allowance of full recovery in the event that certain types of checks are lost, stolen, or destroyed?

• A) The UCC allows for full recovery if a cashier's check is lost, stolen, or destroyed; but full recovery is not allowed if a teller's check or certified check is lost, stolen, or destroyed.
• B) The UCC allows for full recovery if a cashier's check or certified check is lost, stolen, or destroyed; but full recovery is not allowed if a teller's check is lost, stolen, or destroyed.
• C) The UCC allows for full recovery if a cashier's, certified, or teller's check is lost, stolen, or destroyed.
• D) The UCC allows for full recovery if a cashier's check is lost, stolen, or destroyed; but in regard to a teller's check or certified check, full recovery is only allowed if the instrument is lost or stolen, not if it is destroyed.
• E) Because individuals are expected to properly safeguard checks, the UCC does not allow for recovery if a cashier's, teller's, or certified check is lost, stolen, or destroyed.

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Definitions:

Ever Arrested

Indicates whether an individual has been detained by law enforcement in the past.

Seeking Change

The process of actively pursuing modifications or improvements in personal, professional, or societal aspects.

Dissatisfying

Causing discontent or discomfort; not meeting an individual's expectations or desires.

Existing Group

A set of individuals who are currently assembled as a team or cohort within an organization or for a specific purpose.